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The Compliance Program Office (CPO) and Compliance Program Steering Committee (CPSC) will develop a DMH Risk Assessment Checklist. The checklist will include risk areas, risk impacts, vulnerability and risk prioritization. -
Annually, CPO, CPSC, and Department managers will identify risk areas to be included in the checklist. -
CPO and CPSC will develop scoring methodology/definitions. -
Each element will be scored on a 1-5 scale. -
Risk assessment scoring definitions, or thresholds, will be developed for use by those rating risk areas on the checklist. Scores of 1 to 5 are to be assigned based on the definitions, knowledge, and intuitiveness. -
Calculation of impact score: The scores (1 to 5) in each area will be added together to arrive at the risk impact, i.e., Mission Risk + Financial Risk + Legal Risk = Impact. -
Calculation of vulnerability score: The risk impact score will be multiplied by the likelihood and detectability score to arrive at the vulnerability score, i.e., Impact Score x Likelihood x Detectability = Vulnerability Score. -
Risk Prioritization Score: Control score less vulnerability score multiplied by a designated percentage. The percentage is a weighting factor. See DMH Risk Assessment Checklist upper left corner for percentages. No Controls – Vulnerability x 100% Limited Controls – Vulnerability x 75% Some Formal Controls – Vulnerability x 50% Adequate Controls – Vulnerability x 25% Complete Controls – Vulnerability x 0. -
CPSC will designate the leadership and/or level of management that will complete the assessment checklist. Completed checklists will be submitted to the CPO. -
The CPO will compile a composite score. -
Using the composite score, CPO will conduct a controls assessment. This includes: -
Assessing existing methods for determining compliance with County internal control requirements; Health Insurance Portability and Accountability Act (HIPAA) Privacy and Security Certification Questionnaires that assess compliance with Federal HIPAA requirements; and Compliance Program Questionnaire to assess the seven (7) elements of a highly effective compliance program. -
Reviewing audit findings. -
Interviews. -
Other appropriate auditing and monitoring techniques. -
Establishing priorities: -
Evaluating the information obtained in the control assessment and the composite score prioritize the risk areas. The result is a list of the risk areas, highest to lowest. -
Present results of risk assessment to CPSC for discussion and concurrence with results. -
Develop CPO annual work plan. | |
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